A continuous time Cournot duopoly with delays
A continuous time Cournot duopoly with delays
复制标题
具有时滞的连续时间古诺双头垄断
DOI:
10.1016/j.chaos.2015.01.020
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发表时间:
2015
影响因子:
7.8
通讯作者:
M. Sodini
中科院分区:
文献类型:
--
作者:
L. Gori;L. Guerrini;M. Sodini
This paper extends the classical repeated duopoly model with quantity-setting firms of Bischi et al. (1998) by assuming that production of goods is subject to some gestation lags but exchanges take place continuously in the market. The model is expressed in the form of differential equations with discrete delays. By using some recent mathematical techniques and numerical experiments, results show some dynamic phenomena that cannot be observed when delays are absent. In addition, depending on the extent of time delays and inertia, synchronisation failure can arise even in the event of homogeneous firms.